Comments on: Open as in… http://www.mediainfluencer.net/2007/08/open-as-in/ helping people break out of pigeonholes since 2003 Wed, 01 Feb 2012 11:47:55 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Raz http://www.mediainfluencer.net/2007/08/open-as-in/comment-page-1/#comment-600 Raz Wed, 08 Aug 2007 12:07:56 +0000 http://www.mediainfluencer.net/2007/08/open-as-in/#comment-600 Geoff answers his own question by pointing to an obvious counter-example: banks. There is more than one bank in the world and none of them are silos. If I want to shift money from my account to yours then, capital movement controls notwithstanding, I can do so, regardless of which banks you and I hold our respective accounts at. In fact, a bank that is siloed, i.e. has no correspondent accounts with other banks, barely qualifies as a bank; more like a fund. Geoff answers his own question by pointing to an obvious counter-example: banks.

There is more than one bank in the world and none of them are silos. If I want to shift money from my account to yours then, capital movement controls notwithstanding, I can do so, regardless of which banks you and I hold our respective accounts at.

In fact, a bank that is siloed, i.e. has no correspondent accounts with other banks, barely qualifies as a bank; more like a fund.

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